Hi,
BTCUSDT has formed an Ascending Triangle in 4h time frame."The ascending triangle is a bullish formation that usually forms during an uptrend as a continuation pattern. There are instances when ascending triangles form as reversal patterns at the end of a downtrend, but they are typically continuation patterns. Regardless of where they form, ascending triangles are bullish patterns that indicate accumulation.
If price goes up to 3900 the pattern is confirmed and the next resistance will be on 4200 else we will see btc on 3400-3500 .
Warning: I AM A NEWBIE to TA, and NEVER consider the prediction as financial advise!!
BTCUSDT has formed an Ascending Triangle in 4h time frame."The ascending triangle is a bullish formation that usually forms during an uptrend as a continuation pattern. There are instances when ascending triangles form as reversal patterns at the end of a downtrend, but they are typically continuation patterns. Regardless of where they form, ascending triangles are bullish patterns that indicate accumulation.
If price goes up to 3900 the pattern is confirmed and the next resistance will be on 4200 else we will see btc on 3400-3500 .
Warning: I AM A NEWBIE to TA, and NEVER consider the prediction as financial advise!!
Trade closed: target reached:
Ascending Triangle Well Done!